Zaif cryptocurrency exchange has been hacked, so what now?
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Zaif cryptocurrency exchange has been hacked, so what now?
Author: Nobel Tan, Security Research Manager
According to news article by Cointelegraph, Zaif, Japanese Exchange encountered a major security breach which led to the loss of USD$59 million dollars’ worth of cryptocurrencies.
This was a result of a security breach that took place last Friday, September 14, where hackers managed to steal not only from users’ hot wallets (worth of 4.5 billion yen) but also, the exchange’s assets, which equivalents to 2.2 billion yen.
Sentinel Protocol was notified based on a report raised by a member of the Sentinel Team in Japan and kickstarted the investigation. The cases as seen below concerns three different addresses for three different cryptocurrencies used by the hackers — Bitcoin (BTC), MonaCoin (MONA) and Bitcoin Cash (BCH).
- Case 78825 — The following BTC wallet address was reported to have received a total of 5,966 BTC, which is valued at estimated …
Author: Nobel Tan, Security Research Manager
According to news article by Cointelegraph, Zaif, Japanese Exchange encountered a major security breach which led to the loss of USD$59 million dollars’ worth of cryptocurrencies.
This was a result of a security breach that took place last Friday, September 14, where hackers managed to steal not only from users’ hot wallets (worth of 4.5 billion yen) but also, the exchange’s assets, which equivalents to 2.2 billion yen.
Sentinel Protocol was notified based on a report raised by a member of the Sentinel Team in Japan and kickstarted the investigation. The cases as seen below concerns three different addresses for three different cryptocurrencies used by the hackers — Bitcoin (BTC), MonaCoin (MONA) and Bitcoin Cash (BCH).
- Case 78825 — The following BTC wallet address was reported to have received a total of 5,966 BTC, which is valued at estimated …
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